Passive Income Play: Own This Many Chevron Shares for $1,000 a Year

Chevron offers a 3.67% dividend yield, requiring approximately 144 shares ($27,248 investment) to generate $1,000 in annual passive income. The energy company has increased its dividend for 39 consecutive years and maintains a balanced business model across exploration, production, refining, and marketing. With strong free cash flow generation, disciplined capital allocation, and recent acquisition of Hess Corp. providing access to Guyana's high-margin offshore assets, Chevron is positioned as a reliable income investment even in volatile oil markets.